Test: Test 1-Chapters 1, 2, 3 and 4 10 pts 3 of 204 completel v This Test: 200 pts poo (1) irthe assets of a business are and the labities are s140.000 how much the owners equity m owners equity in a business s $120.000 and labases s140,000, how much ets? company reported monthly revenues ofs305,000 and experses of sooooo, what is the resutof operations for month? irthe beginning talanoe retained eamings S150.000, revenue is S65.000, expenses tota S20.000, and the oompany dedorns and pays as30,000 dividend, what is the ending balance of retained eamings? the assets of business ares280,000 and the kablaes rest40 ooo, how much is ownerw.quitn inorder to ealaulate owner' equtywe must use the accounting equaton Begin by determining teaccounting equaton.thenselve for owners equity. (2) the owners' equityina business is $120,000 and se iabates are s140,000, how much assets? The accounting equation oan be rearanged to determine the amount assets rowners equity iss120,000 and kablses are s140000, alowlane the amountofassets. Acompany reponed monthly nevenues of $305,000 and expenses of $80,000.What is the result operations forthe month? in order to calculate the operations for the month we must compute net noome or net loss. Begin by detemining the equation to compute net income or loss, then enter the amounts solve foree operations oree month. Net income Coss) (K rthe beginning balance ofretained eamings is$150000, revenue expenses total$20000, and the company declares and pays as30.000 dvidend, what is the endingbalance of netaned eamings? Let's begin by selecting the labels in the summarized statement of retained earnings and then enter the amounts to caloulate the ending balance of retaimed earnings for the company. Choose from any list or enter any number in the input felds and then continue to the next question. MacBook Air